According to the lender, they will distribute the entire range of Magellan’s products which include the recently launched prime residential options, as well as their buy to let range for individuals, limited companies, HMOs & multi-units. Members will be able to select Buy to Let Club’s fee-free packaging service or choose to submit directly.
Jason Neale, Sales Director at Magellan Homeloans, says: “We are delighted to be working with Buy to Let Club, whose expertise is widely recognised throughout the UK.
To have such experts in their field see the benefits of having Magellan’s products at their disposal is further evidence of how some of the key criteria – such as bespoke interest cover ratios – are essential in today’s specialist mortgage landscape.”
Ying Tan, Founder and Chief Executive of Buy to Let Club, says: “The Magellan product range is a fantastic addition to our panel which will give our members more choice and some very unique benefits.
We are always looking for ways to support our members further by offering new solutions for their clients’ circumstances, so Magellan’s competitive pricing along with features such as no personal guarantees, no compulsory legal advice and joint representation conveyancing will really help.”
